Some people assume that all Bitcoin advocates are motivated by a libertarian political agenda. That is certainly not my agenda. I’m a lifelong Democrat who supported Obama in the last two elections. I think the Federal Reserve plays an important function, and I don’t agree with people...
Nobel prize-winning economist and New York Times columnist Paul Krugman wrote a blog post this weekend with a tantalizing title, "Bitcoin Is Evil ," that has provoked the expected backlash from proponents of the virtual currency. The headline over-promises, unfortunately — while you c...
– The U.S. Senate holds its first Bitcoin hearings to determine threats and regulatory needs. The Washington Post descibes them as “lovefests .” The FBI reveals that it formed a “ Virtual Currency Emerging Threats Working Group” in 2012, which includes the full alphabet soup of federa...
Reform came later in the U.S., and for different reasons. During the Civil War, far more sweeping monetary legislation put an end of the era of private paper money, which was taxed out of existence by 1866, replaced by uniform fiat currency known as greenbacks and a new, standardized ...
Multi-billion dollar investment manager dives into Bitcoin craze. FORTUNE -- In September we discussed how SecondMarket had launched the first U.S.-based investment vehicle dedicated exclusively to Bitcoin, called The Bitcoin Investment Trust (beating out the Winklevii, who remain stu...
"The most exciting aspect of Bitcoin (and this is admittedly more speculative) are all the interesting new business and technology models that “programmable money” could enable. For example, I am very bullish on micropayments ... The world recently ran its first large-scale micropayme...
While price inflation is the first thing everybody recalls about bitcoin in 2013, what really defines its incredible year was how it slipped out of nerds’ virtual wallets into the mainstream. An 8 billion dollar asset leveraged its value to dominate the headlines and gain widespread r...
La palabra Bitcoin todavía no aparece en el diccionario de la Real Academia Española, pero sí está en el boca a boca de mucha gente, en los diarios –y no sólo en los económicos– y hasta en la puerta de algunos negocios. Esta moneda virtual, que a fines de noviembre superó por primera ...
"... The Fortress effort will be something like an unlisted currency ETF (similar to [SecondMarket's] Bitcoin Investment Trust), with Fortress also perhaps raising a separate vehicle to back Bitcoin-related startups. And there likely is some relationship to a new Bitcoin-related fund ...
Todo sobre este tema Bitcóin La fiebre del bitcóin llega a la helada Islandia Misterioso 'Papa Noel' regala bitcoines a programadores Los despistes se pagan: le roban en directo sus bitcoines Leer Más » "Hasta ahora casi todo el debate sobre el bitcóin ha sido de economía positiva: ¿P...
Fortress earlier this year acquired Koru Ventures, a provider of patent-backed loans to tech companies, in order to launch an IP finance group. Among Koru's principals (and new Fortress employees) was Steven Waterhouse, the former chief technology officer of RPX Corp. (RPXC) whose Lin...
New York City-based Fortress Investment Group, a publicly traded company, is reportedly planning to launch a bitcoin investment fund. It’s being reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF). It appears that there might be some association between ...
One bitcoin is worth $700,000 . Or $0 . Or $1,300 . Now that this specific cryptocurrency is mainstream, everyone has an opinion on its exact value. Some have brought up other Bitcoin competitors, like Litecoin and the tongue-in-cheek Dogecoin , as an example of just how unvaluable an...
So far I have ignored Bitcoin as a store of value, but the proponents of Bitcoin as a store of value/speculation crucially need Bitcoin to be unique and have strong barriers to entry, despite the replicability of the technology. If it turns out that investors/miners will arbitrage bet...
2013 saw the price of bitcoin go from $13 to $266 , then to almost $1,200 on the back of strong growth in China. There was a correction , as the Chinese government implemented policies to make bitcoin trading much more difficult, but the digital currency has since rallied and shown si...
Recently, authorities in India, China, Korea, Denmark, France, and Norway have issued stern warnings regarding the use and trade of bitcoin and other digital currencies. As a consequence, important exchange outlets for price discovery have been slowed or shuttered following the govern...
The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan. The regulators said bitcoin remains volatile, that it does not have any legal protection, and that it is not issued...
The first rule of Bitcoin is never joke about Bitcoin. Paul Krugman learned this the hard way. The Nobel Prize-winning economist wrote a blog post this weekend expressing some mild doubts about the digital crypto-currency. He's not sure it works as a store of value or a medium of exch...
Welcome to CoinDesk’s Yearly Review 2013 – a look at the five hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host … John Law . It is a legal requirement for journalists to write an end-of-year r...
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